# Onshore yuan slips 5 points to 6.677 per dollar, weakest since Oct. 21

> The onshore yuan weakened by 5 points to 6.677 per dollar, its weakest level since October 21. The move followed the People's Bank of China's decision to raise the FX reserve requirement ratio.

- Date: 2026-11-04 · published 2026-11-05T00:08:55.075Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/80665-onshore-yuan-slips-5-points-to-6-677-per-dollar-weakest-since-oct-21
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan makes Chinese purchases of US feed commodities such as soybeans and corn relatively more expensive, which can dampen import demand and weigh on US export prices. Recent yuan strength had supported buying, so the reversal modestly lowers demand support.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-02-20 | [Onshore yuan trades at its weakest against dollar since November last year](https://feedsoft.ai/events/31900-onshore-yuan-trades-at-its-weakest-against-dollar-since-november-last-year.md) | +0.1% | +0.1% |
| USDCNY | 2020-03-30 | [China's overnight onshore dollar/yuan swap points fall to lowest level since 2007 \| Financial Post](https://feedsoft.ai/events/54321-china-s-overnight-onshore-dollar-yuan-swap-points-fall-to-lowest-level-since.md) | -0.0% | -0.2% |
| USDCNY | 2018-10-29 | [China's yuan finishes onshore trading at weakest since 2008 By Reuters](https://feedsoft.ai/events/62763-china-s-yuan-finishes-onshore-trading-at-weakest-since-2008-by-reuters.md) | -0.8% | +0.1% |
| USDCNY | 2022-10-24 | [CNY/USD: China Yuan Weakens Past 7.3 Per Dollar, All-Time Low Since 2010 - Bloomberg](https://feedsoft.ai/events/6932-cny-usd-china-yuan-weakens-past-7-3-per-dollar-all-time-low-since-2010-bloomberg.md) | +0.1% | -1.0% |
| USDCNY | 2021-03-24 | [China's yuan slips on dollar strength, Sino-West tensions - Markets - Business Recorder](https://feedsoft.ai/events/48336-china-s-yuan-slips-on-dollar-strength-sino-west-tensions-markets-business.md) | +0.9% | -0.3% |

## Sources

- squawknews.com: https://squawknews.com/news/825244-onshore-yuan-slips-5-points-to-6-677-per-dollar-weakest-since-oct-21

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.